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Financial Crime News Briefs

Snapshots of money laundering, insider trading, financial fraud, sanctions evasion, regulations, and AI technology developments for educational purposes only.

Day: March 10, 2024

Written by FinCrimeMarch 10, 2024March 10, 2024

How Fraudsters Break Into Social Security Accounts and Steal Benefits

Reported by Tara Siegel Bernard Social Security-related scams, overall, are pervasive — fraudsters pose as employees to try to extract both money and valuable identifying details from people in a variety of evolving schemes. But this particular fraud — where criminals use stolen personal information to break into online Social Security accounts or create new ones, […]

Written by FinCrimeMarch 10, 2024

Where Sanctions don’t work – Expensive Supermarkets in Russia

Here’s a recent video from the most expensive supermarket in Russia where Sanctions have no impact courtesy of Thomas Moore (via @tomfromtx of TikTok). In this store, you will find Coca-Cola, Fanta, American candies, Swiss chocolates, and every beer from the European Union. No rebranding was made to sell these goods in Russia.

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